POLI 243 Lecture : POLI 243 - Notes.docx

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Labour theory of value: all value created by labour. Different from liberalism and realism: power is the story and economics is the outcome, while with. Marxism economics is the story and politics/power is the outcome. 1870s: expected to see rise in class consciousness among workers, ingredients for class/socialist revolution. What s important is nationalism, not these class consciousnesses, german-ness, he doesn t want class consciousness: laws in germany to promote collusion and high tariff barriers (january 16, 2013) 1960s international politics and economics were distinct/separate. The international economy appeared to function well in the 1950s and 1960s. Then the bretton woods monetary regime collapsed in the early. This is when old ideas get blown up/lose efficacy. The international economy became more anarchic, states determined their own policy and damn the torpedoes. Changes in the international monetary regime signaled changes in other areas. Opec oil embargo underscored the politicization of international economy.

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